01.12.2016 SURTECO SE  DE0005176903

DGAP-News: SURTECO SE: SURTECO takes over British Nenplas Group


 
DGAP-News: SURTECO SE / Key word(s): Takeover SURTECO SE: SURTECO takes over British Nenplas Group 01.12.2016 / 20:20 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release SURTECO takes over British Nenplas Group - Leading manufacture of all types of technical extrusion profile based on plastics in the United Kingdom - High level of profitability with EBITA margin >20% - Financing from liquid funds Buttenwiesen-Pfaffenhofen, 1 December 2016 - SURTECO SE, one of the world's leading manufacturers of decorative surface materials and producer of technical extrusions (profiles), has acquired 85 % of the shares in the Nenplas Group headquartered in Ashbourne / United Kingdom and 100 % of the shareholding of the associated property company through its subsidiary company Döllken-Weimar GmbH. A purchase contract for this acquisition was concluded today. The acquisition takes effect from 1 December 2016. SURTECO is financing the transaction from existing liquid funds. The SURTECO Group (2015: sales of EUR 638.4 million; EBIT EUR 31.1 million; approximately 2,700 employees) intends to strengthen its market presence in the United Kingdom and in the area of technical profiles through the takeover of this company, and increase the Group's profitability. "The acquisition of Nenplas will enable us to expand our market position in technical profiles and we will be acquiring an innovative company with a high level of profitability," commented Dr. Herbert Müller, the Chairman of the Board of Management of SURTECO SE, on the transaction. High level of innovation and above-average profitability The Nenplas Group has specialised in the production and sale of all types of technical extrusion profile based on plastic. In the business year 2015/2016, with a workforce of approximately 140 employees the Group generated sales of GBP 16.6 million and earnings before financial result, income tax and amortization of goodwill (EBITA) of GBP 3.8 million. The EBITA margin is 22.9 %. The Nenplas Group includes the companies Nenplas Ltd, Ashbourne, Polyplas Ltd, Stourport-on-Severn, and Delta Plastics Ltd, Wolverhampton, all based in the United Kingdom. The Nenplas Group supplies almost exclusively to the United Kingdom. Nenplas has developed special expertise owing to the company's in-house tool-making operation. This empowers the group to continuously expand its technological leadership as a result of innovative specialist applications. SURTECO plans to make use of this know-how in the future for other activities in the Group as well. Financing the takeover through liquid funds The purchase price for 85 % of the shares amounts to GBP 20.8 million and for the property company it is GBP 2.5 million. SURTECO is holding an option to purchase the remaining 15 % of the shares while the seller is retaining a sale option. The voting and dividend rights of the remaining 15 % are excluded. SURTECO is financing the transaction from existing liquid funds. You can obtain further information about SURTECO SE on the Internet by going to www.surteco.com. Contact:

SURTECO SE
Andreas Riedl                            Martin Miller
Chief Financial Officer                  Investor Relations and Press
+ 49 (0) 8274/99 88-563                  Office
                                         + 49 (0) 8274/99 88-508
Internet www.surteco.com
Email [email protected]
Fax    + 49 (0) 8274/99 88-515


Profile of SURTECO SURTECO SE, Buttenwiesen-Pfaffenhofen, is a leading international specialist for surface technologies. The product portfolio includes papers printed with decorative designs, impregnated products, release papers, decorative flat foils and edgebandings based on specialist papers for technical applications and plastics. The extensive product portfolio is completed by skirtings made of plastic, technical extrusions for industry and do-it-yourself ranges and shutter systems. The Group currently has a workforce of appr. 2,700 and manufactures at 20 sites on four continents, currently generating approximately 28 % of sales in Germany, 45 % in European countries outside Germany and the remainder in America, Asia and Australia. Customers of SURTECO generally come from the wood based materials, flooring and furnishing industry and the interior industry. The shares of SURTECO SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf, Stuttgart Hamburg and Hannover. Cautionary note regarding forward-looking statements This press release contains statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company does not intend to - and assumes no obligation - to update any forward looking statements contained herein or to adapt such information to future results or developments. --------------------------------------------------------------------------- 01.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: SURTECO SE Johan-Viktor-Bausch-Str. 2 86647 Buttenwiesen-Pfaffenhofen Germany Phone: +49 (0)8274 99 88-0 Fax: +49 (0)8274 99 88-5 05 E-mail: [email protected] Internet: www.surteco.com ISIN: DE0005176903 WKN: 517 690 Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 525783 01.12.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 689,65 698,98 675,27 626,99 757,06 747,70 835,10
EBITDA1,2 83,09 72,78 66,29 88,32 114,76 84,18 66,60
EBITDA-Marge3 12,05 10,41 9,82 14,09 15,16 11,26
EBIT1,4 44,67 32,20 21,12 46,15 72,52 40,18 8,10
EBIT-Marge5 6,48 4,61 3,13 7,36 9,58 5,37 0,97
Jahresüberschuss1 26,33 18,93 9,76 33,77 47,81 25,23 2,95
Netto-Marge6 3,82 2,71 1,45 5,39 6,32 3,37 0,35
Cashflow1,7 82,90 60,70 84,04 82,66 43,75 69,14 0,00
Ergebnis je Aktie8 1,69 1,20 0,61 2,17 3,08 1,63 0,19
Dividende8 0,80 0,55 0,00 0,80 1,00 0,70 0,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Surteco Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
517690 15,700 Kaufen 243,44
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,63 17,54 0,65 11,06
KBV KCV KUV EV/EBITDA
0,59 3,52 0,29 6,09
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,70 0,00 0,00 07.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.04.2024 31.07.2024 27.10.2023 24.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,85% -1,41% -3,09% -22,28%
    
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